World markets mixed as US health care bill vote looms

A woman looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Friday, March 24, 2017. Asian stock markets are mixed Friday after a U.S. vote on a health care bill was delayed, raising doubts among investors over whether President Donald Trump can push through his business friendly agenda. (AP Photo/Eugene Hoshiko)

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Friday, March 24, 2017. Asian stock markets are mixed Friday after a U.S. vote on a health care bill was delayed, raising doubts among investors over whether President Donald Trump can push through his business friendly agenda. (AP Photo/Eugene Hoshiko)

A man rides a bicycle past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Friday, March 24, 2017. Asian stock markets are mixed Friday after a U.S. vote on a health care bill was delayed, raising doubts among investors over whether President Donald Trump can push through his business friendly agenda. (AP Photo/Eugene Hoshiko)

HONG KONG — World stock markets were mixed Friday after a U.S. vote on a health care bill was delayed, raising doubts over whether President Donald Trump can push through his business friendly agenda.

HEALTH BILL HOLDUP: The decision by House Republicans to put off the vote was weighing on markets. Party leaders postponed the vote on the American Health Care Act because of a lack of support, leading investors to wonder whether gaining passage of more complicated and divisive initiatives like Trump's tax cuts will be even harder. The vote will happen later Friday.

ANALYST VIEW: "Markets are likely to remain on hold today as traders wait on the U.S. Congress to resolve its impasse on revision of the 'Obamacare' legislation," Ric Spooner of CMC Markets, said in a commentary. "Optimism may be tempered by the fact that the Senate remains a significant obstacle to Trump's health-care legislation even it is passed by Congress."

DAIRY PLUNGE: Shares of Chinese milk producer Huishan Dairy Holdings plunged 85 percent in just minutes on the Hong Kong exchange, erasing billions of dollars in market value, before the company requested a trading halt. The reason for the sell-off was unclear. In December the company was the subject of a report by U.S.-based short-seller Muddy Waters accusing it of reporting fraudulent profits, but the company said then that those accusations were false.

ENERGY: U.S. crude oil futures rose 31 cents to $48.01 a barrel in electronic trading on the New York Mercantile Exchange. The contract lost 34 cents the day before. Brent crude, used to price international oils, added 28 cents to $50.84 a barrel in London.

CURRENCIES: The dollar rose to 111.05 yen from 110.93 yen in late trading Thursday. The euro rose to $1.0802 from $1.0783.